Related News

KUALA LUMPUR, May 6 (Reuters) - Malaysia has extradited a former Goldman Sachs banker to the United States to face criminal charges linked to a multibillion-dollar scandal at state fund 1MDB, The Edge financial daily reported on Monday, citing an unidentified source. Malaysian Roger Ng has been detained in Kuala Lumpur since Nov. 1, shortly after the U.S. Department of Justice...

Former Goldman Sachs Group Inc. banker Roger Ng pleaded not guilty to criminal charges linked to a multibillion-dollar scandal at the Malaysian state investment fund 1MDB in an appearance at federal court in New York on Monday. The U.S. Department of Justice accused 46-year-old Ng last year of conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi...

Bangkok Malaysia has handed over a former executive of Goldman Sachs to the United States after he was allegedly linked to the multi-billion dollar corruption scandal related to state investment fund 1Malaysia Development Berhad (IMDB), the Malaysian Attorney General's office said on Monday. Roger Ng, a Malaysian citizen, was arrested in Kuala Lumpur on November 1 at the...

KUALA LUMPUR, Malaysia (AP) -- Malaysia's attorney general said Monday that former Goldman Sachs executive Roger Ng has been temporarily extradited to the U.S. to face criminal charges linked to the alleged multibillion-dollar ransacking of state investment fund 1MDB. Ng, who was arrested in Malaysia in November, has been charged both in the U.S. and Malaysia. Attorney General...

Malaysia's attorney general said Monday that former Goldman Sachs executive Roger Ng has been temporarily extradited to the U.S. to face criminal charges linked to the alleged multibillion-dollar ransacking of state investment fund 1MDB. Ng, who was arrested in Malaysia in November, has been charged both in the U.S. and Malaysia. Attorney General Tommy Thomas said in a...

A former Goldman Sachs banker was released on a $20 million bond Monday following his extradition from Malaysia to face charges in a massive money-laundering scandal that helped bankroll the Leo DiCaprio movie “The Wolf of Wall Street.” Roger Ng, 51, appeared gaunt and disoriented during his brief appearance in Brooklyn federal court, where he pleaded not guilty to conspiracy...

1MDB scandal: the Malaysian fraud explained

published:18 Dec 2018

1MDB scandal: the Malaysian fraud explained

1MDB scandal: the Malaysian fraud explained

published:18 Dec 2018

views:108486

The FT\'s Stefania Palma explains the corruption and money-laundering inquiry at the state development and investment fund in which charges have been filed against two former Goldman Sachs bankers, local financier Jho Low and ex-1MDB employee Jasmine Loo Ai Swan
► Subscribe to FT.com here: http://bit.ly/2GakujT
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes...

1MDB scandal: the Malaysian fraud explained

published:18 Dec 2018

views:108486

The FT\'s Stefania Palma explains the corruption and money-laundering inquiry at the state development and investment fund in which charges have been filed against two former Goldman Sachs bankers, local financier Jho Low and ex-1MDB employee Jasmine Loo Ai Swan
► Subscribe to FT.com here: http://bit.ly/2GakujT
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes...

Last week, Malaysia\'s former prime minister, Najib Razak, went on trial in one of the biggest corruption scandals the world has seen. The case involves the state development fund: 1Malaysia Development Berhad - known in the media as 1MDB. It lost billions of dollars - almost $700m of which is alleged to have ended up in Najib\'s own bank account.
The Malaysian media are all over the story, but it was not always that way. The trial could not have happened without the collaborative work of journalists both inside and outside the country.
\"The media in Malaysia were prevented from reporting on it. And laws were in fact used to crack down on the media that reported or wanted to report on 1MDB,\" says assistant professor Gayathry S. Venkiteswaran of the University of Nottingham Malaysia.
Under Najib\'s government, there were red lines that reporters and the news outlets they worked for feared to cross. \"We were under a lot of pressure,\" explains Ho Kay Tat, whose paper, The Edge, was shut down while investigating 1MDB. \"You are writing a big expose on a big financial scandal in a government-owned company, a company that was started by the prime minister at that time, Najib, so it was unprecedented.\"
And if not for a British journalist running a website out of London, one business newspaper in Kuala Lumpur and a secret meeting that took place in Singapore, Malaysians might not have seen this trial play out in the media.
In an ironic twist however, Najib has, over the past year, launched a fully fledged campaign to try and rebrand himself, as well as paint his trial as a politic...

Last week, Malaysia\'s former prime minister, Najib Razak, went on trial in one of the biggest corruption scandals the world has seen. The case involves the state development fund: 1Malaysia Development Berhad - known in the media as 1MDB. It lost billions of dollars - almost $700m of which is alleged to have ended up in Najib\'s own bank account.
The Malaysian media are all over the story, but it was not always that way. The trial could not have happened without the collaborative work of journalists both inside and outside the country.
\"The media in Malaysia were prevented from reporting on it. And laws were in fact used to crack down on the media that reported or wanted to report on 1MDB,\" says assistant professor Gayathry S. Venkiteswaran of the University of Nottingham Malaysia.
Under Najib\'s government, there were red lines that reporters and the news outlets they worked for feared to cross. \"We were under a lot of pressure,\" explains Ho Kay Tat, whose paper, The Edge, was shut down while investigating 1MDB. \"You are writing a big expose on a big financial scandal in a government-owned company, a company that was started by the prime minister at that time, Najib, so it was unprecedented.\"
And if not for a British journalist running a website out of London, one business newspaper in Kuala Lumpur and a secret meeting that took place in Singapore, Malaysians might not have seen this trial play out in the media.
In an ironic twist however, Najib has, over the past year, launched a fully fledged campaign to try and rebrand himself, as well as paint his trial as a politic...

What happened to 1MDB's money? | CNBC Explains

published:01 Mar 2018

What happened to 1MDB's money? | CNBC Explains

What happened to 1MDB's money? | CNBC Explains

published:01 Mar 2018

views:574203

Malaysia\'s sovereign wealth fund 1MDB was meant to boost the country\'s economy, but it racked up huge debts instead. CNBC\'s Xin En Lee follows the money.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv
Like our Facebook page:
https://www.facebook.com/cnbcinternational
Follow us on Instagram:
https://www.instagram.com/cnbcinternational/
Follow us on Twitter:
https://twitter.com/CNBCi...

What happened to 1MDB's money? | CNBC Explains

published:01 Mar 2018

views:574203

Malaysia\'s sovereign wealth fund 1MDB was meant to boost the country\'s economy, but it racked up huge debts instead. CNBC\'s Xin En Lee follows the money.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv
Like our Facebook page:
https://www.facebook.com/cnbcinternational
Follow us on Instagram:
https://www.instagram.com/cnbcinternational/
Follow us on Twitter:
https://twitter.com/CNBCi...

How the 1MDB Scandal Spread Across the World

published:13 Jan 2017

How the 1MDB Scandal Spread Across the World

How the 1MDB Scandal Spread Across the World

published:13 Jan 2017

views:214760

Starting in Malaysia, a scandal involving the 1MDB fund set up by Prime Minister Najib Razak now involves at least 10 countries, including the U.S. This animation shows how money allegedly misappropriated from 1MDB moved through global wealth centers before being used to buy real estate, art, and other assets around the world, including in New York and Beverley Hills. Photo: Oliver Osborne for The Wall Street Journal.
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJvideo
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM...

How the 1MDB Scandal Spread Across the World

published:13 Jan 2017

views:214760

Starting in Malaysia, a scandal involving the 1MDB fund set up by Prime Minister Najib Razak now involves at least 10 countries, including the U.S. This animation shows how money allegedly misappropriated from 1MDB moved through global wealth centers before being used to buy real estate, art, and other assets around the world, including in New York and Beverley Hills. Photo: Oliver Osborne for The Wall Street Journal.
Subscribe to the WSJ channel here:
http://bit.ly/14Q81Xy
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Follow WSJ on Facebook: http://www.facebook.com/wsjvideo
Follow WSJ on Google+: https://plus.google.com/+wsj/posts
Follow WSJ on Twitter: https://twitter.com/WSJvideo
Follow WSJ on Instagram: http://instagram.com/wsj
Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM...

How Malaysia's 1MDB Scandal Shook the Financial World

published:02 Apr 2019

How Malaysia's 1MDB Scandal Shook the Financial World

How Malaysia's 1MDB Scandal Shook the Financial World

published:02 Apr 2019

views:15626

Apr.02 -- Malaysia’s state-owned investment fund, 1MDB, was supposed to attract foreign investment. Instead, it has spurred criminal and regulatory investigations around the world that have cast an unflattering spotlight on financial deal-making, election spending and political patronage under former Prime Minister Najib Razak. Bloomberg\'s Annabelle Droulers reports....

How Malaysia's 1MDB Scandal Shook the Financial World

published:02 Apr 2019

views:15626

Apr.02 -- Malaysia’s state-owned investment fund, 1MDB, was supposed to attract foreign investment. Instead, it has spurred criminal and regulatory investigations around the world that have cast an unflattering spotlight on financial deal-making, election spending and political patronage under former Prime Minister Najib Razak. Bloomberg\'s Annabelle Droulers reports....

🇲🇾 Malaysia: The World's Biggest Heist | 101 East

published:07 Feb 2019

🇲🇾 Malaysia: The World's Biggest Heist | 101 East

🇲🇾 Malaysia: The World's Biggest Heist | 101 East

published:07 Feb 2019

views:434658

It\'s been branded the world\'s biggest heist - between 2009 and 2014 at least $4.5 billion was allegedly stolen from Malaysia\'s sovereign wealth fund, 1MDB.
At the centre of the scandal are the former Prime Minister, Najib Razak and the now fugitive Malaysian financier and alleged mastermind of the scam, Jho Low.
Ousted from power last year, Najib now faces almost 40 criminal charges and Jho Low is wanted in Malaysia, Singapore and the United States.
The heist allegedly began soon after a joint venture deal was signed between 1MDB and a little-known company called, PetroSaudi. Hundreds of millions were soon siphoned to a Swiss bank account controlled by Jho Low and then later, as alleged by the US Department of Justice, into Najib Razak’s personal bank accounts in Malaysia.
The world may never have known any of this, if it hadn’t been for a disgruntled PetroSaudi ex-employee, Xavier Justo. He leaked more than 200,000 confidential emails containing evidence of alleged criminal activity to a British journalist, Clare Rewcastle Brown.
At least half a dozen criminal investigations into the misappropriation of the billions of dollars from 1MDB are currently underway around the world and charges are being laid not only against the alleged conspirators, but executives from global financial institutions.
In this episode of 101 East we investigate the deals and alleged criminal cover-ups that robbed Malaysia of billions of dollars, and track down the accidental hero who blew the whistle.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: http...

🇲🇾 Malaysia: The World's Biggest Heist | 101 East

published:07 Feb 2019

views:434658

It\'s been branded the world\'s biggest heist - between 2009 and 2014 at least $4.5 billion was allegedly stolen from Malaysia\'s sovereign wealth fund, 1MDB.
At the centre of the scandal are the former Prime Minister, Najib Razak and the now fugitive Malaysian financier and alleged mastermind of the scam, Jho Low.
Ousted from power last year, Najib now faces almost 40 criminal charges and Jho Low is wanted in Malaysia, Singapore and the United States.
The heist allegedly began soon after a joint venture deal was signed between 1MDB and a little-known company called, PetroSaudi. Hundreds of millions were soon siphoned to a Swiss bank account controlled by Jho Low and then later, as alleged by the US Department of Justice, into Najib Razak’s personal bank accounts in Malaysia.
The world may never have known any of this, if it hadn’t been for a disgruntled PetroSaudi ex-employee, Xavier Justo. He leaked more than 200,000 confidential emails containing evidence of alleged criminal activity to a British journalist, Clare Rewcastle Brown.
At least half a dozen criminal investigations into the misappropriation of the billions of dollars from 1MDB are currently underway around the world and charges are being laid not only against the alleged conspirators, but executives from global financial institutions.
In this episode of 101 East we investigate the deals and alleged criminal cover-ups that robbed Malaysia of billions of dollars, and track down the accidental hero who blew the whistle.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: http...

Goldman Sachs Entangled in Global 1MDB Scandal

published:08 Nov 2018

Goldman Sachs Entangled in Global 1MDB Scandal

Goldman Sachs Entangled in Global 1MDB Scandal

published:08 Nov 2018

views:44292

With the indictment of two former senior Goldman Sachs bankers, accused by U.S. prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world\'s largest-ever financial scandals. Photo: Reuters
Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM...

Goldman Sachs Entangled in Global 1MDB Scandal

published:08 Nov 2018

views:44292

With the indictment of two former senior Goldman Sachs bankers, accused by U.S. prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world\'s largest-ever financial scandals. Photo: Reuters
Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM...

Goldman's Solomon Says 1MDB Scandal Was 'Distressing'

published:07 Nov 2018

Goldman's Solomon Says 1MDB Scandal Was 'Distressing'

Goldman's Solomon Says 1MDB Scandal Was 'Distressing'

published:07 Nov 2018

views:19964

Nov.07 -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he felt “horrible” about the role former bank employees played in the scandal surrounding Malaysia’s 1MDB fund. He speaks exclusively to Erik Schatzker on \"Bloomberg Daybreak: Europe\" from the sidelines of the Bloomberg New Economy Forum in Singapore....

Goldman's Solomon Says 1MDB Scandal Was 'Distressing'

published:07 Nov 2018

views:19964

Nov.07 -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he felt “horrible” about the role former bank employees played in the scandal surrounding Malaysia’s 1MDB fund. He speaks exclusively to Erik Schatzker on \"Bloomberg Daybreak: Europe\" from the sidelines of the Bloomberg New Economy Forum in Singapore....

1MDB: Dissecting One Of The World's Biggest Financial Scandals

published:05 May 2017

1MDB: Dissecting One Of The World's Biggest Financial Scandals

1MDB: Dissecting One Of The World's Biggest Financial Scandals

published:05 May 2017

views:332743

This session will look at extraordinary allegations of billion dollar fraud and corruption involving 1Malaysia Development Berhad, which is controlled by the Government of Malaysia and was set up ostensibly to facilitate long-term economic investment for the country through global partnerships and promoting foreign direct investment.
THEME: Asset Recovery, Bribery and Corruption
Thomas Ajamie, Managing Partner, Ajamie LLP (Houston)
Louis Burke, Founder, Louis F. Burke P.C. (New York)
Recorded Live on May 02, 2017 at The 15th Annual OffshoreAlert North American Conference on Financial Intelligence & Investigations, The Ritz-Carlton, South Beach, Miami Beach, FL
Learn more at: https://www.offshorealert.com/events/...

1MDB: Dissecting One Of The World's Biggest Financial Scandals

published:05 May 2017

views:332743

This session will look at extraordinary allegations of billion dollar fraud and corruption involving 1Malaysia Development Berhad, which is controlled by the Government of Malaysia and was set up ostensibly to facilitate long-term economic investment for the country through global partnerships and promoting foreign direct investment.
THEME: Asset Recovery, Bribery and Corruption
Thomas Ajamie, Managing Partner, Ajamie LLP (Houston)
Louis Burke, Founder, Louis F. Burke P.C. (New York)
Recorded Live on May 02, 2017 at The 15th Annual OffshoreAlert North American Conference on Financial Intelligence & Investigations, The Ritz-Carlton, South Beach, Miami Beach, FL
Learn more at: https://www.offshorealert.com/events/...

The FT\'s Stefania Palma explains the corruption and money-laundering inquiry at the state development and investment fund in which charges have been filed against two former Goldman Sachs bankers, local financier Jho Low and ex-1MDB employee Jasmine Loo Ai Swan
► Subscribe to FT.com here: http://bi

Last week, Malaysia\'s former prime minister, Najib Razak, went on trial in one of the biggest corruption scandals the world has seen. The case involves the state development fund: 1Malaysia Development Berhad - known in the media as 1MDB. It lost billions of dollars - almost $700m of which is allege

Starting in Malaysia, a scandal involving the 1MDB fund set up by Prime Minister Najib Razak now involves at least 10 countries, including the U.S. This animation shows how money allegedly misappropriated from 1MDB moved through global wealth centers before being used to buy real estate, art, and ot

Malaysia Prime Minister Najib Razak is in the spotlight since investigators traced $700 million linked to the government fund 1MDB to his personal bank accounts. His personal history is intertwined with Malaysia\'s unique political system. Photo: Olivia Harris/Reuters
Subscribe to the WSJ channel he

Apr.02 -- Malaysia’s state-owned investment fund, 1MDB, was supposed to attract foreign investment. Instead, it has spurred criminal and regulatory investigations around the world that have cast an unflattering spotlight on financial deal-making, election spending and political patronage under forme

It\'s been branded the world\'s biggest heist - between 2009 and 2014 at least $4.5 billion was allegedly stolen from Malaysia\'s sovereign wealth fund, 1MDB.
At the centre of the scandal are the former Prime Minister, Najib Razak and the now fugitive Malaysian financier and alleged mastermind of the

With the indictment of two former senior Goldman Sachs bankers, accused by U.S. prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world\'s largest-ever financial scandals. Photo: Reuters

Nov.07 -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he felt “horrible” about the role former bank employees played in the scandal surrounding Malaysia’s 1MDB fund. He speaks exclusively to Erik Schatzker on \"Bloomberg Daybreak: Europe\" from the sidelines of the Bloomberg Ne

This session will look at extraordinary allegations of billion dollar fraud and corruption involving 1Malaysia Development Berhad, which is controlled by the Government of Malaysia and was set up ostensibly to facilitate long-term economic investment for the country through global partnerships and p